Cash Payout Scheme HK$10,000 Cash Payout Scheme HK$10,000 Are you eligible to apply for Hong Kong Permanent Resident Status? The Cash Payout Scheme ("the Scheme") is an initiative announced in the 2020-21 Budget for disbursing HK$10,000 to each Hong Kong permanent resident aged 18 or above. Eligibility criteria 1. Follow these steps to register the Government Cash Payout Scheme and apply HKD 10,000: 1. Registration will close on December 31, 2021. On or before 31st March, 2021 [Note 1], the registrant should be aged 18 or above and be a Hong Kong permanent resident [Note 2], holding: a. The eligibility criteria for the Scheme are as follows: Eligible persons who have a local Hong Kong dollar savings or current bank account in their sole name with any of the participating retail banks (click here for the list of banks) may receive payment through a specified individual account. ]. is eligible for attaining the Hong Kong permanent resident status on or before 31 March 2021; has submitted an application for verification of eligibility for permanent identity card (“VEPIC”) to the Immigration Department on or before 30 September 2021; and, has submitted an application for HKPIC or EC to the Immigration Department upon approval of the VEPIC application referred to in item (ii) above and has the application approved on or before 31 December 2021. Hong Kong permanent residents aged 18 or above on or before March 31, 2021, may register electronically or use a paper form to receive $10,000. Eligible persons may choose, having regard to their own circumstances, to register through the participating retail banks or the Hongkong Post (click here for the list of banks). Eligible persons who register through the Hongkong Post through the means of registration described in III or IV above will be notified by the Hongkong Post to collect their cheques in person at the specified post offices about two weeks after the end of the registration commencement period for their respective batch. Details of the Government’s Cash Payout Scheme. According to the Latest Scam Alerts from the Hong Kong Police Force, some people received calls from scammers impersonating staff of banks or government officials and claiming that they could help register for the government’s $10,000 Cash Payout Scheme. Note 2: A registrant is also considered fulfilling the criterion in respect of the documentary proof on permanent residency if he/she -, Support Service for People of Different Races, a valid Hong Kong Permanent Identity Card (“HKPIC”), i.e. The first criteria is that the person should be aged 18 or above and is a Hong Kong permanent resident on or before 31 March 2021. Eligibility Criteria: On or before 31 March 2021, the registrant is aged 18 or above and is a Hong Kong permanent resident holding either a valid Hong Kong Permanent Identity Card or a Certificate of Exemption. The scheme … You can register for the Cash Payout Scheme with us from 21 June 2020 onwards if you fulfill the following requirement: The registrant should fulfil the eligibility criteria of the Cash Payout Scheme, i.e. Cash handout registration set The Cash Payout Scheme will be open for registration from June 21, and Hong Kong permanent residents aged 18 or above on or … Cash Payout Scheme Secretariat. The Cash Payout Scheme will be open for registration from June 21, and Hong Kong permanent residents aged 18 or above on or before March 31, 2021 are eligible to receive the $10,000 payout.. The Cash Payout Scheme (“the Scheme”) is an initiative announced in the 2020-21 Budget for disbursing HK$10,000 to each Hong Kong permanent resident aged 18 or above. Electronic registration. Eligible persons have to register for the Scheme to enable the verification of their eligibility and to select the means of payment. The Government announced today (June 8) that the Cash Payout Scheme will open for registration on June 21, 2020. Eligible persons may choose, having regard to their own circumstances, to register through the participating retail banks or the Hongkong Post. Fiscal . Eligible persons who choose to submit paper registration forms through the means of registration described in II or III above should follow, Eligible persons who choose to receive order cheques may also submit. The registrant should fulfil the eligibility criteria of the Cash Payout Scheme, i.e. Completed and signed forms can be submitted by putting in the Cash Payout Scheme drop-box of the specified bank or posting to "GPO Box 182020, Hong Kong" (please state the name of the specified bank on the envelop). It will continue to provide email and telephone enquiry services. All arrangement and payout timeline are subject to the latest release by the Hong Kong Government. Bank of China (Hong Kong) (“BOCHK”) has actively dovetailed with the HKSAR Government’s Cash Payout Scheme (“the Scheme”), with both its digital channels and branch network all set to assist citizens and customers in registering for the Scheme from 21 June 2020 to 31 December 2021 (“registration period”) to receive the HK$10,000 payment. $10,000 Government's Cash Payout Scheme registration has started. The two men were accused of registering the grandfather for the cash payout scheme via online banking on June 21, eight days after he died on June 13. deficit is forecast to more than billion in triple to HK$139.1 ... overseas skepticism over Hong Kong as a global financial centre and as ... including a2 universal cash payout scheme (CPS") of "HK$10,000 to all adult permanent residents. FAQs on the “Cash Payout Scheme” Eligibility criteria 1. Who is eligible under the Cash Payout Scheme (“the Scheme”)? For other FAQs, please refer to www.cashpayout.gov.hk. This initiative was created as an economic response to the “social incidents in the past months” (i.e. The Hong Kong government has received over 2 million applications for its Cash Payout Scheme on the first day of registration, according to a government press release yesterday – over a quarter of Hong Kong’s population of 7.49 million. Eligible persons who have not registered during the first six weeks of the registration commencement period, regardless of their year of birth, may register at any time on or before 31 December 2021. HKSAR Government's $10,000 Cash Payout Scheme is available for eligible registrant to apply now. The Cash Payout Scheme Secretariat will resume its counter services and gradually increase its interview appointment services from 28 January. Bank of China (Hong Kong) (“BOCHK”) has actively dovetailed with the HKSAR Government’s Cash Payout Scheme (“the Scheme”), with both its digital channels and branch network all set to assist citizens and customers in registering for the Scheme from 21 June 2020 to 31 December 2021 (“registration period”) to receive the HK$10,000 payment. If holders of an old Hong Kong Permanent Identity Card (“HKPIC”) apply for replacement of their HKPIC or Certificate of Exemption (“EC”) on or before 31 March 2021 but have their HKPIC or EC issued after 31 March 2021, do they still meet the eligibility criteria of the Scheme? on or before 31 March 2021, the registrant is aged 18 or above and is a Hong Kong permanent resident holding either a valid Hong Kong Permanent Identity Card or a Certificate of … The 2020-2021 Budget April 2020 . The Hong Kong Government announced as part of their 2020 budget that the Scheme would disburse HK$10,000 to each Hong Kong permanent resident aged 18 or above. 2. The Government’s HK$10,000 Cash Payout Scheme is now open for registration. The Cash Payout Scheme will be open for registration from June 21, and Hong Kong permanent residents aged 18 or above on or before March 31, 2021 are eligible to receive the $10,000 payout. The government is expected to disburse a total of HK$2.1 billion via Community Care Fund to non-permanent residents who have lived in Hong […] Cash payout $10,000 cash payout to Hong Kong permanent residents aged 18 or above Reduce salaries tax and tax under personal assessment for 2019-20 assessment year by 100%, subject to ceiling of $20,000; Waive rates of domestic properties for four quarters of … a smart HKPIC issued on or after 23 June 2003; or Customer with single name Hong Kong Dollars Personal Savings or Current account may apply for registration by post , submit registration form at our outlets or register via Internet Banking / … the registration commencement period for Batch 1 is from 21 June to 4 July 2020). Hong Kong permanent residents aged 18 or above on or before March 31, 2021, may register electronically or use a paper form to receive $10,000. Hong Kong: Subsidy payments, financial assistance grants exempt from tax (COVID-19) Hong Kong: Subsidy payments exempt from tax The Hong Kong government on 27 May 2020 released guidance—known in English as “The Exemption From Salaries Tax and Profits Tax (Anti-epidemic Fund) Order”—to exempt from tax most payments or grants of subsidies and financial assistance given to … Please note the above arrangement. Registrants will receive payment or notifications of cheque collection about two weeks after successful registration. Follow the instructions to complete the registeration. months long protests) and the COVID-19 pandemic. Registrants will not receive payment faster due to early registration or online submission of electronic registration forms through Hongkong Post’s website. You can receive the payout earlier if you register online! The registration period for the Cash Payout Scheme is from 21 June 2020 to 31 December 2021. Receive your $10,000 cash handout faster with Hang Seng Personal e-Banking or via Hang Seng Website Learn more about the cash payout arrangement now. months long protests) and the COVID-19 pandemic. on or before 31 March 2021, the registrant is aged 18 or above and is a Hong Kong permanent resident holding either a valid Hong Kong Permanent Identity Card or a Certificate of Exemption Holder of a Standard Chartered HKD sole name savings / current account Photo: Winson Wong Hong Kong budget 2021-2022 the Hong Kong Government. Arrangements and schedule for registration and payment 11. Support Service for People of Different Races, Payment in respect of the electronic registrations received within the, Registration by paper form commences in batches during the first six weeks of the registration period. Tap "More options" in the menu bar. Eligible persons who have a local Hong Kong dollar savings or current bank account in their sole name with any of the participating retail banks (click here for the list of banks) may receive payment through a specified individual account. The eligibility criteria for the Scheme are as follows: On or before 31 March 2021[Note 1], the registrant is aged 18 or above and is a Hong Kong permanent resident [Note 2] holding: [Note 1: For those who register on or before 31 March 2021, they should meet both criteria in respect of age and permanent residency with the documentary proof stated in (a) or (b) at the time of registration. a Certificate of Exemption (“EC”) issued by the Commissioner of Registration under the Registration of Persons Regulations, Cap. This initiative was created as an economic response to the “social incidents in the past months” (i.e. FAQs on the “Cash Payout Scheme” Eligibility criteria 1. Who is eligible under the Cash Payout Scheme (“the Scheme”)? Cash handout registration set The Cash Payout Scheme will be open for registration from June 21, and Hong Kong permanent residents aged 18 or above on or … To be eligible for the "Cash Payout Scheme", you must be aged 18 or above and be a Hong Kong permanent resident on or before 31 Mar 2021. Announcing the scheme’s details today, Financial Secretary Paul Chan said the public can register online through 21 participating banks to have the sum deposited to their personal bank accounts. How to register the Government Cash Payout Scheme. From now till 31 December 2021, the following DBS customers are eligible to register for the cash payout: * (I) Register through internet banking (including webpage and mobile apps) or bank’s website, and receive payment through a specified bank account. Hong Kong’s retail sector suffered its biggest decline on record last year, with sales plunging by 24.3 per cent year on year. The registration period for the Cash Payout Scheme is from 21 June 2020 to 31 December 2021. Each eligible person may only register once for the Scheme. (II) Send the completed paper registration Form (1) by post to GPO Box 182020, Hong Kong or by hand to any branches of the bank specified for receiving payment, and receive payment through a specified account; (III) Send the completed paper registration Form (2) by post to GPO Box 182020, Hong Kong or put it in the drop-box at any post offices, and collect an “order cheque”; or, (IV) Browse the Hongkong Post’s website and submit the completed electronic registration form, and collect an “order cheque”, During the first six weeks of the registration period of the Scheme, After the first six weeks of the registration period of the Scheme (i.e. cash payout to Hong Kong permanent residents aged 18 or above • Extra 1 month allowance of standard ... sitting 2021 HKDSE Examination Support employees • Additional annual funding of ... enhance the Love Upgrading Special Scheme. To be eligible for the "Cash Payout Scheme", you must be aged 18 or above and be a Hong Kong permanent resident on or before 31 Mar 2021. Hong Kong: Subsidy payments, financial assistance grants exempt from tax (COVID-19) Hong Kong: Subsidy payments exempt from tax The Hong Kong government on 27 May 2020 released guidance—known in English as “The Exemption From Salaries Tax and Profits Tax (Anti-epidemic Fund) Order”—to exempt from tax most payments or grants of subsidies and financial assistance given to … a smart HKPIC issued on or after 23 June 2003 (. If you have successfully got Permanent Resident Status in Hong Kong, you are entitled to receive HK$10,000 free cash from the Hong Kong government under the Cash Payout Scheme – This free cash is a supporting fund available for all persons with HK … Need to be 18 of age before March 31, 2021. The Cash Payout Scheme (“the Scheme”) is an initiative announced in the 2020-21 Budget for disbursing HK$10,000 to each Hong Kong permanent resident aged 18 or above. Cash payout $10,000 cash payout to Hong Kong permanent residents aged 18 or above Reduce salaries tax and tax under personal assessment for 2019-20 assessment year by 100%, subject to ceiling of $20,000; Waive rates of domestic properties for four quarters of … Please print the form and sign on it before submission. Government announces details of Cash Payout Scheme The Government announced today (June 8) that the Cash Payout Scheme will open for registration on June 21, 2020. The electronic consumption vouchers worth HK$5,000 will be distributed in five phases, with HK$1,000 handed out to citizens each month, according to government source.Hong Kong… Eligible persons may choose, having regard to their own circumstances, to register through the participating retail banks or the Hongkong Post (click here for the list of banks). An eligible person needs: A valid Hong Kong Permanent Identity Card (HKPIC), i.e. a smart HKPIC issued on or after 23rd For details of the Cash Payout Scheme, please visit the website of the Scheme (www.cashpayout.gov.hk). Each eligible person may only register once for the Scheme. $5,000 - use it or lose it Electronic coupons worth HK$5,000 will be issued to 7.2 million Hongkongers as Financial Secretary Paul Chan Mo-po ditched cash … Select "Cash Payout Scheme" 4. Year 1956 to1970 - Register on July 05, 2020 - December 31, 2021. 177A. 4th August 2020 – (Hong Kong) Labour and welfare secretary Law Chi-kwong announced online that HK$10,000 cash handout will be given to non-permanent residents with low income at the end of September. Click here for examples illustrating the earliest dates on which registrants may register and receive payment in different scenarios. For details of the Cash Payout Scheme, please visit the website of the Scheme (www.cashpayout.gov.hk). on or after 2 August 2020). On or before 31st March, 2021 [Note 1], the registrant should be aged 18 or above and be a Hong Kong permanent resident [Note 2], holding: a. Good news! Requirements: Need to have HKID that is issued on June 2003 or afterward. The registration period for the Cash Payout Scheme is from 21 June 2020 to 31 December 2021. The Hong Kong Government announced as part of their 2020 budget that the Scheme would disburse HK$10,000 to each Hong Kong permanent resident aged 18 or above. As for others, they are required to meet both criteria as at 31 March 2021. For eligible persons who register through banks, payment will be deposited to their specified bank accounts around two weeks after the end of the registration commencement period for their respective batch (e.g. A valid Hong Kong Permanent Identity Card (HKPIC), i.e. The registration period for the scheme will run from 21 June 2020 to 31 December 2021. The registration comes in 3 batches. Which Persons are Eligible for the Cash Payout Scheme from Hong Kong Government? Electronic registration. Year 1955 or before - Register on June 21, 2020 - December 31, 2021. Select "Promotion" 3. What are the eligible criteria for the Cash Payout Scheme (“the Scheme”)? Receive the Payout earlier if you register online 2020 ) ” (.. 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